China Internet Stocks Being Accumulated By The World's Largest Money Managers
By Ganaxi Small Cap Movers:U.S. listed Chinese equities, as represented by the PowerShares Golden Dragon Halter USX China Portfolio (PGJ) are up over 10.5% YTD after a bruising 2011 in which the index was down 26.4%. Within the group, Chinese Internet stocks, led by Baidu.com Inc. (BIDU) and Netease.com Inc. (NTES), have been the strongest. While the Chinese economy may slow-down in the short-term, from the torrid pace of recent years, in response to the government clamp-down on inflation and worsening markets worldwide for its goods and services, especially in Europe, it is indeed a foregone conclusion that it will still remain the strongest among the world's major economies for the foreseeable future. As such, we believe that a well diversified portfolio focused on the long-term ought to have some weighting among Chinese equities. It is with this background that we examine in this article the investing activities of the world's largest fund managers,Complete Story »
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